RBC Leads Canadian Banks in Trimming Prime Rate -- 2nd Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Rita Trichur TORONTO--Royal Bank of Canada became the first major Canadian lender to trim its prime lending rate in response to last week's surprise interest-rate cut from the Bank of Canada. Canada's second-largest bank by assets said it would ...

Oil Resumes Slide as U.S. Supply Seen Rising Again

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Eric Yep Crude-oil futures resumed their fall in Asian trade Wednesday with another surge in weekly U.S. oil supply expected to keep oil prices under pressure. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Asian Shares Mostly Lower

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low after Singapore's central ...

French Consumer Confidence Stable in January

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Ruth Bender PARIS--French consumer confidence was stable in January, a survey from statistics agency Insee showed on Wednesday. The monthly survey showed that consumer confidence stayed flat at 90 in January from the same level in December, but still ...

MARKET SNAPSHOT: U.S. Stocks: Nasdaq Futures Gain As Apple Jumps 9%

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Boeing, U.S. Steel rise on earnings beat NEW YORK (MarketWatch) --Nasdaq futures rose sharply on Wednesday, as Apple Inc. shares surged in the wake of the iPhone maker's blowout earnings. Other stock futures ...

China Economic Growth Close to Low Point, Says Former PBOC Adviser

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Mark Magnier BEIJING--Annual economic growth of 7.0% is a "reasonable target" for China this year, a former adviser to the central bank said, adding that he expects the nation's daily foreign-exchange band to be widened when conditions are right. ...

Swiss to Compensate Workers Hurt by Franc Strength

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Neil MacLucas ZURICH--The Swiss government said it will compensate employees forced to work fewer hours at companies hit by the sharp appreciation of the Swiss franc, marking the first domestic political action aimed at cushioning the impact of recent ...

Greek Minister Says Negotiations With Creditors Won't Be Easy

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

ATHENS--Greece's new finance minister, Yanis Varoufakis said he will meet the head of a group of eurozone finance ministers in Athens Friday and warned negotiations with creditors over the country's debt burden "will not be easy." The president of the ...

TE Connectivity to Sell Broadband Network Unit to CommScope

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Tess Stynes TE Connectivity Ltd. agreed to sell most of its business that makes equipment for telecommunications and data networks to CommScope Holding Co. for about $3 billion. The business for sale, known as network solutions, is one of ...

European Stocks Fall Following Greek Selloff

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Tommy Stubbington European stocks fell Wednesday, hit by a big selloff in Greece and caution ahead of the latest message on the path of monetary policy due from the U.S. Federal Reserve statement later in the day. The Stoxx ...

French Consumer Confidence Stable

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

PARIS--French consumer confidence was stable in January, a survey from statistics agency Insee showed on Wednesday. The monthly survey showed that consumer confidence stayed flat at 90 in January from the same level in December, but still below a long-term ...

Oil Slides as U.S. Supply Seen Rising

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Georgi Kantchev Oil prices slid on Wednesday on reports of another surge in U.S. oil supplies while major banks continued to slash their price forecasts for this year. Barclays and Credit Suisse lowered their estimates, seeing little respite for ...

European Stocks Inch Up--Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Tommy Stubbington European stocks inched up Wednesday, as a big selloff in Greece weighed down Spanish and Italian markets and left investors cautious ahead of the latest message on the path of monetary policy due from the U.S. Federal ...

MARKET SNAPSHOT: U.S. Stocks Fall After Fed Statement

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Energy stocks sell off as oil slide resumes NEW YORK(MarketWatch) -- U.S. stocks pulled back after the Federal Reserve's policy-making committee reiterated it plans to remain patient and watch the data as it ...

MARKET SNAPSHOT: U.S. Stocks Sell Off After Fed Statement

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Energy, materials stocks sell off as oil slide resumes NEW YORK (MarketWatch) -- U.S. stocks ended Wednesday's choppy trading session sharply lower after the Federal Reserve's policy-making committee reiterated it plans to remain ...

Fed Sticks to 'Patient' Tack on Rate Increases--2nd Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Jon Hilsenrath WASHINGTON--The Federal Reserve on Wednesday signaled it would keep short-term interest rates near zero at least until midyear and set the stage for tough debates in the months ahead about whether to wait even longer. The Fed ...

Asian Shares Mostly Lower -- Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Chao Deng Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low ...

Austrian Economic Forecaster Confirms 2014, 2015 GDP Forecasts

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Nicole Lundeen VIENNA--The Austrian economy is expected to grow 1.25% on average between 2015 and 2019, the country's main economic forecaster said Wednesday in its five-year outlook. The Austrian Institute for Economic Research, known by its German acronym WIFO, ...